Electric motorcycle startup Cake filed for bankruptcy February 1, CEO Stefan Ytterborn has confirmed to TechCrunch. The Swedish company was in the middle of a funding round, just prior to the filing, but apparently the withdrawal of an investor was what tipped the company over the edge, according to Swedish media reports. Ytterborn declined to […]
US spot bitcoin ETFs begin trading, Circle files for IPO and India continues crypto pullback
Welcome back to Chain Reaction. To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. This past week has been all about U.S. spot bitcoin ETFs in the crypto world. Rumors started swirling around last week that approvals were coming, which […]
News publisher files class action antitrust suit against Google, citing AI’s harms to their bottom line
A new class action lawsuit filed this week in the U.S. District Court in D.C. accuses Google and parent company Alphabet of anticompetitive behavior in violation of U.S. antitrust law, the Sherman Act, and others, on behalf of news publishers. The case, filed by Arkansas-based publisher Helena World Chronicle, argues that Google “siphons off” news […]
SEC Files Action Against Terraform Labs CEO Do Kwon Regarding Mirror Protocol
The United States Securities and Exchange Commission (SEC) has introduced an action against Terraform Labs, the company behind the design of the Terra blockchain, and its co-founder and CEO Do Kwon. The SEC is seeking an order for Kwon to comply with a series of subpoenas he has failed to address. The investigative subpoenas seek […]